Part $1$ of $5$

Points: $0$ of $1$

In December, the first five transactions of Amer's Automotive Company have been posted to the T$-$accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry.

$($Click the icon to view the $T-$accounts.$)$

Prepare each transaction in order according to the reference number shown in the accounts provided. $($Record debits first, then credits. Select the explanation on the last line of the journal entry.$)$

$\backslash$table$[[,$Accounts and Explanation,Debit,Credit$],[(1)],[,,,],[,,,],[,,-,],[,,,]]$